The OECD announced the Purchasing Power Assessment (PPP) on the 15th.
According to the price level statistics based on the 2023 Parity, the prices of food, beverages and other items in Korea are expected to rise
The price level of alcoholic and non-alcoholic beverages was 147, 47 percentage points higher than the OECD average (100). According to the statistics, the price level of food and beverages in Korea is 147 out of 38 OECD countries.
This was the second highest rate after the United States (163), Japan (126), the UK (89), and Germany (107).
The South Korean government has begun to seriously consider measures to deal with this issue.
At the inspection task force meeting, he pointed out that “price issues are causing excessive and significant pain to the people.” In addition, First Vice Minister of the Ministry of Strategy and Finance Lee Han-il said, “The average person and the middle class are
"In order to reduce the burden, we will focus all our efforts on stabilizing perceived prices," he said. As a result, the Korean government is working on creating a comprehensive price stabilization plan for all ministries and agencies, led by the Ministry of Strategy and Finance.
2025/06/16 08:06 KST
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